VMW Provides Cloud Computing Services #VMware, Inc. is a subsidiary of #DellTechnologies. It was part of $EMC until 2016, when Dell took EMC over. There was a lot of concern at the time about the future of the company. But in August 2016 VMW released several new products and told the public that it was alive and well. Since then the company has thrived. VMware provides the infrastructure for cloud utilities, virtualization software services, and server software. There's a lot of demand for VMware's products as society moves to the internet of everything and cloud services continue to grow. Cloud computing is transforming several sectors including the medical and financial industries, and VMW is right on the forefront. VMW is in a Steady Uptrend As shown in the weekly chart in Figure 1, VMW moved up out of a bottom that started in January of 2016. It's moved up at a moderate rate since then, forming several sideways patterns along the way. It's now resting near the 2015 highs. The fact that it shifted sideways at this level instead of moving back down is encouraging, as it shows that many investors continue to hold this stock instead of taking profits. The weekly volume has been mostly green since the bottom completed, showing that buyers have dominated. But the volume has fallen a bit over the past month during the current sideways action.
https://seekingalpha.com/article/4065894-vmware-poised-continue-run
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